Pune, India, Sept. 28, 2022 (GLOBE NEWSWIRE) — The global fertilizer spreader market The size was estimated at $691.3 million in 2021 and is expected to reach the $724.8 million valuation in 2022. The market is expected to reach USD 1,040.2 million by 2029 at a CAGR of 5.3% over the forecast period. The growing population and increasing demand for crops are expected to drive the market growth. The rapid growth in urbanization, mechanization and technological innovation is expected to provide an opportunity for market development. The advent of numerous technologies is expected to facilitate market development. Insights into the Fortune business™ shares this information in his report entitled “fertilizer spreader Market, 2022-2029.“
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Key players profiled in the report
- Deere & Company (USA)
- Kubota Corporation (Japan)
- Mahindra & Mahindra Ltd. (India)
- Agco Corporation (USA)
- CNH Industrial NV (Netherlands)
- Claas KGaA GmbH (Germany)
- Bucher Industries AG (KUHN Group) (Switzerland)
- Adams Fertilizer Equipment (USA)
- Dalton AG Inc (USA)
- Teagle Machinery Ltd (UK)
- Bogballe A/S (Denmark)
Scope and Segmentation of Rugged Tablets Market Report:
| report coverage | details |
| forecast period | 2022-2029 |
| Forecast CAGR | 5.3% |
| Value prognosis 2029 | $1,040.2 million |
| base year | 2021 |
| Fertilizer Spreader Market Size in 2021 | $691.3 million |
| Historical data | 2018-2020 |
| number of pages | 140 |
| Covered Segments | By type, by application, by region |
| growth drivers of the fertilizer spreader market | Increasing Demand For Fertilizers In Agriculture To Boost Market Growth |
Effects of COVID-19:
Stop of agricultural activities had a negative impact on market growth
The COVID-19 pandemic caused the market to decline. The lockdown in different countries led to a halt in farming activities, which affected the demand for farming equipment. R&D activities should contribute to the recovery of the market.
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